Tag: Exchange

New York Attorney General Reaches $50,000,000 Settlement With Crypto Exchange Gemini Over Fraud Allegations

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New York Attorney General Letitia James is settling with crypto exchange Gemini over fraud allegations for $50 million. In a new press release, James says she’s recovered $50 million worth of digital assets on behalf of 230,000 investors allegedly defrauded through Gemini’s Earn program, which had the firm partnering up with crypto lender Genesis to provide staking rewards. However, Genesis ended up going bankrupt in 2022 and thus Gemini could not pay back customers what it owed them. In 2023, James launched an investigation into Gemini and found that the…

New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State

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New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were unable to withdraw when the program collapsed. Additionally, Gemini is now banned from operating any crypto lending program in […] Source

Electrocoin Launches Its New Cryptocurrency Exchange Platform, Electrocoin Trade

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PRESS RELEASE. One of the biggest cryptocurrency exchange services in Croatia, Electrocoin, has recently launched their new cryptocurrency exchange platform called Electrocoin Trade, providing services for natural and legal clients in the EU. The platform includes two core services – cryptocurrency exchange and trading service without prior registration to the platform, and cryptocurrency exchange and […] Source

Top US Crypto Exchange Coinbase Rolls Out Support for New Native Token of Pirate-Themed RPG Built on Ethereum

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Coinbase has launched support for the newly issued native token of a pirate-themed, role-playing game built on the blockchain. The top US crypto exchange’s customers can now trade PIRATE, a utility and staking token for the game Pirate Nation. The Ethereum (ETH)-based token first went live on Wednesday and is up nearly 90% in its first 24 hours. Coinbase added support for the asset under its “Experimental Label,” a designation the exchange established for riskier, lower liquidity tokens. The Cayman Islands-based exchange Gate.io and the Philippines-based exchange Coins.ph also rolled…

Aethir (ATH) Is Now Available for Trading on LBank Exchange

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PRESS RELEASE. Road Town, BVI, June 13, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of Aethir (ATH) on June 12, 2024. Users of LBank Exchange can brace themselves for the ATH/USDT trading pair, which has gone live […] Source

Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses

The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s recommendation, was based on concerns over the crypto trading platform’s financial stability, inadequate management structure, and insufficient personnel, […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Solana-Based AI Altcoin Explodes After Earning Support From Crypto Exchange Binance

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A Solana (SOL)-based altcoin project with an artificial intelligence (AI) focus is soaring after gaining support from Binance, the world’s largest crypto exchange. In a new announcement, Binance says it’s listing decentralized AI computing network io.net (IO) for trading on its platform. “Binance is excited to announce that io.net (IO) has been added to Binance Simple Earn, ‘Buy Crypto’ and Binance Convert. In addition, Binance will add IO on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-06-11 14:00 (UTC), 2024-06-11 14:00 (UTC) and 2024-06-13 10:00 (UTC) respectively.” IO is…

Moscow Exchange Pauses Dollar and Euro Trading Following Latest US Sanctions

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Crypto Exchange OKX Sees $204,000,000 in Outflows Following Reports of Security Incidents

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Global cryptocurrency exchange OKX is witnessing a massive outflow amid reports of a security breach, according to the decentralized finance (DeFi) data aggregator DefiLlama. Per DefiLlama approximately $204.67 million in crypto assets has exited OKX over the past 24 hours. Over the past seven days, OKX has recorded outflows amounting to $633.88 million. The world’s largest crypto exchange by volumes, Binance, has meanwhile recorded inflows of $128.51 million in a 24-hour period and inflows of $1.364 billion over the past seven days, per the DeFi data aggregator. Source: DeFiLlama Citing…